Office vacancy rates in some of Canada’s biggest cities are set to be among the lowest in the Americas within the next two years as demand makes the markets among the fastest-growing.
Cushman & Wakefield says that Toronto will have the lowest vacancy rate at 3.9%; Vancouver will be at 6.3%; Ottawa at 7.3%: and Winnipeg 7.4%. The only US city in the list is Orlando at 7.2%.
Toronto will lead four Canadian markets as one of the top 10 fastest-growing office markets in the Americas at 6.6%. The others are Winnipeg (6.4%), Edmonton (4%) and Vancouver (3.7%).